Some time ago I noticed that people around me started getting into cryptocurrency trading. It is not surprising, since this way of earning is quite popular in Nigeria. After consulting with one of my friends, I decided to give it a try, too. And here we are! I am willing to share my experience of trading crypto with the FBS broker.
Why did I choose FBS: the main benefits
My journey started about a year ago, so you could say I am fairly new to the business. To begin with, I decided to do a little research. After scouring through several dozen articles on how to choose the right broker, I compared what conditions different companies in Nigeria were offering. I was looking for something simple, easy to understand for an inexperienced trader like me. This is how I was introduced to FBS.
As a newcomer to the world of cryptocurrency trading, I was pleased to find a convenient trading platform with an opportunity to open a demo account at FBS. You know how easy it is for a beginner to lose money for lack of practice. And this way I got a chance to try my hand first without any risks.
In addition, with FBS, you can not only perform trades, but you can also learn. They offer a wide range of training materials and analysis of the cryptocurrency market from leading experts. This is also a huge benefit when you are making your first steps.
These are the main perks that attracted me when I was deciding on a broker. However, here are a few more that that I found no less important:
- deposits and withdrawals at FBS are available via any system in any currency;
- deposit bonus for trading;
- commissions are covered by FBS;
- customer support 24/7;
- 1:5 leverage on a cryptocurrency account;
- Islamic Swap Free accounts are available (sadly, not for crypto, but still!).
How I started trading crypto with FBS
I have always been fascinated by all things related to new technology. So it did not take me long to choose which asset to trade. In addition, cryptocurrencies do not lose popularity over time, new opportunities are constantly appearing.
As I mentioned before, it was important for me to practice first, so I registered with an FBS demo account. If you are just starting out, I recommend that you do the same, and not invest real money into crypto right away.
When I became more confident in my abilities, it was time to start the real deal, that is the real crypto account. The whole process of registration and verification went off without a hitch. In the beginning I used the FBS Trader platform, but now I decided to level up and learn how to work with MetaTrader 5.
FBS Trader for Crypto
Since I chose to trade cryptocurrency, I had to choose which platform to trade on. For beginners, FBS’s own platform, FBS Trader, works best. Compared to MT5, it is much easier to understand. So, with its help, you will quickly master the basic functions required for cryptocurrency trading.
This is a full-fledged multifunctional trading tool that includes:
- crypto trading 24/7
- $100 bonus
- 1:5 leverage on a cryptocurrency account
- customer support 24/7
- quick deposit and withdrawal
- a wide selection of payment methods, including local Nigerian banks
Trading MetaTrader 5 with FBS
The next step in my journey was to install MT5. I downloaded the Android MT5 version directly from the FBS website, which is very convenient.
This platform is designed for a more advanced level and offers more functionality. Here you can create technical indicators and autobots yourself, use technical analysis tools, follow the economic calendar and much more. To be honest, I have yet to master everything, but thanks to guides and other educational materials from FBS, I am sure I will be able to do it fast enough.
I would also like to mention here the convenience of withdrawal. I prefer to withdraw money through the FBS Personal Area to my Visa card. Usually the whole process takes no more than half an hour, and the best part is that there is no commission!
My success with FBS
Of course, like all inexperienced traders, I started with small amounts. It took me some time and patience to figure out how and what works in the world of cryptocurrency. Of course, you must spoil before you spin, and I could not avoid failures. However, as time went on, the profitability of my trades began to grow more and more.
Now my earnings are about 5% a month on average, and I invest all this money in the development of my trading business. I do not chase super profits, because I understand that I can only lose this way. And a small but steady income allows me to invest a little more each time to end up with more profits.
FBS Loyalty Program
In addition to the many pros of the FBS broker that I have listed, there is another very nice bonus — an opportunity to join the FBS Loyalty Program and win real prizes. With each trade you earn Status points, which, in turn, allow you to get new levels and receive gifts. FBS gives both practical (such as personal consultation with an expert), and more tangible prizes (such as an iPhone or Macbook). So far I have not managed to win anything, but I really hope in the future.
In conclusion, I would like to say that if you are looking for a reliable and responsible broker in Nigeria, you can safely choose FBS. They offer favorable trading conditions, easy-to-use software and a lot of helpful educational materials for beginners.
However, always keep in mind that trading cryptocurrency in any case is associated with risks. Never invest money that you are not prepared to lose, do not stop learning, and be sure to seek the services of only licensed and trusted brokers.
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